Deutsche Telekom to enter optic fibre deal with Australian investor, source says

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A pistillate carrying her telephone passes by the logo of German telecommunication institution "Deutsche Telekom" astatine the ITS World Congress 2021, a just for intelligent transport systems, successful Hamburg, Germany, October 13, 2021. REUTERS/Fabian Bimmer

BERLIN, Nov 4 (Reuters) - Deutsche Telekom's (DTEGn.DE) supervisory committee has fixed its support to a planned optic fibre associated task with Australian infrastructure capitalist IFM involving an concern of up to 6 cardinal euros ($6.9 billion), a root told Reuters.

The institution said successful June it wanted to walk astir 2.5 cardinal euros a twelvemonth by 2024 connected its optic fibre concern successful Germany and said it wanted to find investors truthful that it did not person to instrumentality connected much debt. work much

Deutsche Telekom has negotiated with respective funds, which would screen up to fractional of the costs, the source, who was acquainted with the matter, said connected Thursday.

Deutsche Telekom and IFM declined to comment.

The German institution has said it is holding a quality league astir its optic fibre concern connected Friday.

($1 = 0.8659 euros)

Reporting by Nadine Schimroszik; Writing by Zuzanna Szymanska; Editing by Sabine Wollrab and Edmund Blair

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